TechnipFMC pipelay support vessel secures long-term charter offshore Brazil

Petrobras has awarded TechnipFMC a three-year contract for the pipelay support vessel Coral do Atlântico. Operations offshore Brazil are expected to begin in 2Q 2022. The Brazilian-registered vessel will mainly be deployed in ultra-deepwater of up to 3,000 m (9,842 ft). Jonathan Landes, president, Subsea at TechnipFMC, said: “Coral do Atlântico is the third of our pipelay support vessels to be contracted... Continue Reading →

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EXCLUSIVE Aguila Energia’s $1.5 billion bid for Petrobras’ Bahia fields tops rivals’, sources say

(Reuters) - A consortium led by Aguila Energia has placed the highest bid for Brazilian state-run oil company Petrobras' Bahia onshore fields, offering over $1.5 billion, according to two sources with knowledge of the situation. Petroleo Brasileiro, as the company is formally known, declined to comment. The proposal by Aguila Energia, a company founded by... Continue Reading →

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Citi Says Oil May Climb to $90

(Bloomberg) Citigroup Inc. said oil prices may hit $90 a barrel at times this winter as gas-to-oil switching drives stockpiles lower.  The bank, which raised its Brent oil forecast for the fourth quarter to $85, said inventories may dwindle to their lowest level on record in terms of days-of-cover by year-end. That comes as consumption... Continue Reading →

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